Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[somac.]

For anyone who missed the dip, now is the time to try again. If you pussy out you'll regret it in a few months I reckon.

[ivomm]

The current price is soooo boring, that I decided to share some of my current thoughts. I know what Bitcoin means and what it will give to me and my family. I can describe it with one word: FREEDOM! Freedom not only from the salary slavery, but from all kinds of fears. And to live without a fear is something that nobody in this world can give it to me. No matter how rich I am, if my riches are obtained by the rules of the fiat system. I mean, I may have companies worth billions of $s and still live in a bungalow, because of taxes and other financial obligations. For these reasons and many more, my focus has become obtaining more Bitcoins, rather fiat savings in the bank.

Having said that, it requires a bit of spending related to escaping the salary slavery, buying a house, equipment and medical treatment. This is one of the bitter pills I had to swallow this year by selling part of my stash. The other bitter pill is that I wasn't aware in time to gather more coins. Of course, this is the case with most of us and I guess everyone finds a way to be content with the stash they have. I mean it always looks we are late, and so on. In reality, we are still early adopters. So, no matter what happens related to Bitcoin news, ups or downs, we should keep stacking those precious sats. This looks easy, but remember mindurst!

I am sad for this guy, he was so happy to acuire the 10th coin and a few days later blew it all because he appreciated more the fiat savings than Bitcoin. The danger for us, who know what Bitcoin means, is similar - to be tempted to sell at the "top" of the cycle and rebuy at the "bottom" of the bear market. This sounds so tempting, for example if we sold at 20K in Dec 2017 and rebought in 2018 at 3100, we would have had >6x more coins! And this thought was so depressing for me during the 3 year bear market. But there is nothing to be done about it. On the chart it looks so easy, but how many succeeded selling and rebuying with such a huge profit? The odds are much smaller than betting on a single number of a roulette in a casino. They are higher if we aim for a smaller profit like 10-20%, but does it look fine betting 100% of our stash for, say a 25% chance of winning? This is only a rough estimation.

When we calculate the odds, we should take into consideration not only the chances of going up or down, which are around 50% in a bull market, but also whether we would nail the top and the bottom. We may expect a 20% drop, and it may turn out to be only 15%, which means we never return our selling amount. Hence the chances of increasing the stash in this way are getting much smaller. So this hope should be buried toghether with the hope of profiting from shitcoins or building a time machine and buying back in time (which has a slightly better odds than the shitcoins). The only way is to continue buying with the new income, although it looks stupid to buy higher than I sold. But there is an important difference: I am using my future fiat income, not the profit from the sell of Bitcoins. So, as long as I live and have an income, I will pursue a bigger stash. That's the only financial greed which  is healthy in this world. Everything else is a mixture of slavery and fear. Not acceptable for me!

[ChartBuddy]

Explanation

[Shamm]

Hey guys what's the reason why the price of BTC is going down?
The btc price is like a wave sometimes going up sometimes going down.
I think it's time to buy some btc and hold until the price going up.

[bct_ail]

https://www.reddit.com/r/Bitcoin/comments/raw6z4/updown_nothing_new/?utm_source=share&utm_medium=web2x&context=3

[cAPSLOCK]

@dragonvslinux And @JayJuanGee Are you guys going to destroy the Bitcointalk database soon? (kidding)

Yes... not kidding.

They don't call him "Jay 'Blob Server' Juan 'Postgress Slayer' Gee" for nothing.

[dragonvslinux]

Hey guys what's the reason why the price of BTC is going down?

To put it simply, price recoveries don't happen overnight, so price remains within a support zone until the weak hands are properly flushed out.
Looks a rejection from the previous short-term support trend-line unsurprinsgly, that's now turned into resistance for the time being.

The btc price is like a wave sometimes going up sometimes going down.

If you look back at the previous recovery $40K for example, it took over a week before prices moved higher, price tested support multiple times.

I think it's time to buy some btc and hold until the price going up.

Probably yes. Buying at long-term support in a bull market is rarely a bad idea, even if price can test lower in the short-term.

[ChartBuddy]

Explanation

[OutOfMemory]

AFAIR, every image manipulation software i worked with (general reference is imagemagick, tho), uses bitmap representations of compressed image formats to apply manipulation to. This is the reason photoshop and the likes prompt you for setting compression parameters on save of destructively edited JPG files, which is any operation beyond cropping.

Cropping a JPG can be destructive too. It actually certainly is when the cut lines do not lie on the 8x8 pixel block grid used during encoding.

Interesting. Makes me want to look into this more asap.

@dragonvslinux And @JayJuanGee Are you guys going to destroy the Bitcointalk database soon? (kidding)

Yes... not kidding.

They don't call him "Jay 'Blob Server' Juan 'Postgress Slayer' Gee" for nothing.

Rumors say he's even able to make Postgress regress (!) and that the abbreviation SQL really means "Shitty Quality, Losers!" when he let off steam in the postgress IRC support chats after crashing it multiple times, back then (when he busted the longblob bytechar limit)...  

[bitcoinPsycho]

I moved just 1 bitcoin onto coinbase a few weeks ago and this morning I got this from HMRC
fucking vultures

[OutOfMemory]

^^ fuckerz.

While in my situation, they made swapping tax free, while they introduced capital gains tax on fiat profits from selling cryptos, starting Feb. 2022.
Following this, IF i wanted some fiat out of my corn, i'd better sell right before this date.

EDIT: Fiat cashed out before this date is still income-taxed, if crypto was not held for more than a year.

These are just ripples on the way to a global digital reserve currency, and we all know what's its name 

[naim027]

@dragonvslinux And @JayJuanGee Are you guys going to destroy the Bitcointalk database soon? (kidding)

Yes... not kidding.

They don't call him "Jay 'Blob Server' Juan 'Postgress Slayer' Gee" for nothing.

I have Another definition of "JayJuanGee". In my Local Language "JayJuanGee" Means- "WinYoungGhee"  Jay = Win,  Juan = Young, Gee = Ghee, = WinYoungGhee.
I know it doesn't make any sense. But it is what it is.

[ChartBuddy]

Explanation

[vapourminer]

I have Another definition of "JayJuanGee". In my Local Language "JayJuanGee" Means- "WinYoungGhee"   Jay = Win,  Juan = Young, Gee = Ghee, = WinYoungGhee.
I know it doesn't make any sense. But it is what it is.

so, just to boil this down to the essentials:

JJG = doesnt make any sense.

got it

[naim027]

I have Another definition of "JayJuanGee". In my Local Language "JayJuanGee" Means- "WinYoungGhee"   Jay = Win,  Juan = Young, Gee = Ghee, = WinYoungGhee.
I know it doesn't make any sense. But it is what it is.

so, just to boil this down to the essentials:

JJG = doesn't make any sense.

got it

ha ha ha. 

I don't expect someone to call him WYG Now. 
He will be mad at me.

[cygan]

my test result is there

[shahzadafzal]

my test result is there

That’s a good news congratulations… now we just need to start your medication asap.

Take these pills regularly don’t wait for dips anymore.

[cygan]

my test result is there

That’s a good news congratulations… now we just need to start your medication asap.

Take these pills regularly don’t wait for dips anymore.

thank you, but dr. Poletti prescribed me these pill/s

[machasm]

my test result is there

That’s a good news congratulations… now we just need to start your medication asap.

Take these pills regularly don’t wait for dips anymore.

Shouldn't those pills be orange?

BTW whats with the mempool in the last hour?
Seems like quite a bit of activity.
Lets hope its not another selloff

[ChartBuddy]

Explanation